FOREX EUR/USD 21st August 2008

EURO:-

Euro pushed down from the 5-day 50% level and back into the 3-day filter high.

As mentioned yesterday:- I would prefer to trade longs on Thursday if the 3-day filter supports Wednesday, which it has.

Thursday:- 5-day 50% level support, but at this stage looks range bound between the levels.

Thursday could push down lower from the 5-day 50% level, because of the Weekly trend so it's imperative to have matching 5-day 50% level and brown filter support to confirm any UP move.





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  • Exact levels shown for current day aren't confirmed until midnight GMT




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